Shares of this small-cap stock engaged in Aerospace and Defence Business saw a 5 percent upper circuit in its stock price, reflecting strong momentum after its recent demerger and re-listing. Additionally, the company aims to grow its presence in aerospace and defense while exploring new areas like space and energy.
Price Movement
During Wednesday’s trading session, Rossell Techsys Ltd’s stock hit a 5 percent upper circuit, rising to Rs.520.25 per share from its previous close of Rs.495.50 each.
What happened
Rossell Techsys Limited, a key player in aerospace and defense engineering and manufacturing solutions, has seen strong stock performance following its recent re-listing on the stock exchanges after demerging from its parent company, Rossell India Ltd. This development reflects a positive market response and growing investor interest in the company’s future prospects.
The re-listing and demerger represent a significant milestone for Rossell Techsys Ltd., positioning it to take advantage of new opportunities and focus on growth. The company plans to explore further developments in the aerospace and defense sectors, while also expanding into areas such as space, energy, and advanced transportation technologies.
Management Commentary
Commenting on the achievement, Mr. Harsh Gupta, Chairman, said: “Our journey as an independent entity opens new doors of opportunity. The strong market response reaffirms our strategy and vision for the future. We are committed to creating long-term value for our shareholders by maintaining our focus on innovation, operational excellence, and ethical practices.”
Products & Services
Rossell Techsys focuses on key areas in aerospace and defense, including the design and manufacture of electrical wiring systems for aircraft, development of integrated electronic systems, and creation of test equipment for aerospace components. The company also provides after-market services such as maintenance, repair, and overhaul for electrical and electronic products.
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Future Outlook
Rossell Techsys Ltd. is pursuing an ambitious global growth strategy, targeting double-digit expansion over the next five years. The company plans to focus on both organic and inorganic growth opportunities, domestically and internationally, to strengthen its market position and maintain leadership in innovation.
Financials
In its latest financial update, the company reported a revenue of Rs.51.10 crore in Q2 FY25, falling nearly 15 percent from Rs.60.03 crore in Q2 FY24. Similarly, the company reported a net loss of Rs.0.10 crore in Q2 FY25 from a net profit of Rs.7.19 crore during the same period.
About the Company
Rossell Techsys Ltd, a key player in the Aerospace and Defence sector, operates as a subsidiary of Rossell India Ltd. The company specializes in delivering custom engineering and manufacturing services within the aerospace industry. It is strategically positioned to meet the needs of global Original Equipment Manufacturers (OEMs), offering tailored solutions across a range of technological areas.
Written by – Siddesh S Raskar
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